From the Business section of today’s NY Daily News:
A “Marvel Comics” No. 1 dating back to 1939 just went for $201,250. A “Captain America” from 1941 featuring the stars-and-stripes clad superhero knocking out Hitler and his thugs, roped in $96,686.
While there’s one voice of reason quoted — “I would not suggest putting significant amounts of money in comic books,” said New York-based accountant Alan Straus. He said no more than 5% to 10% of your investment should go into any type of collectibles. — he appears 14 paragraphs into the article, surrounded by fluffy commentary from collectors; an overly rosy picture of the industry’s “soaring sales” since the collapse in the 90s; and, most depressingly, references to Wizard‘s price guide and the statement that, “Popular new titles, costing about $2.99, can double or triple in value in a matter of weeks.”
Is that light at the end of the tunnel, or a train heading straight for us?